Never mind scepticism in Germany about Greece’s new bailout deal, there’s plenty in Greece too, says Jon Henley in Athens, who draws my attention to this interesting article in Kathimerini.

Commentator Alexis Papachelas writes that the new bailout deal will share the fate of those that came before, becoming an “orphan memorandum” that will never be implemented.

It will cause a storm of reactions, it will be voted on, and then it will remain for the most part a dead letter.

When Tsipras openly rejects ownership of the memorandum, how are people expected to believe its implementation is a national goal?

This deal will be simply voted through parliament so that Greece can pay back the ECB and the IMF ... [It] will fall through, or it may not even actually be put to work. It will remain an orphan memorandum, that will share the fate of those that went before it. No government has succeeded in building its own ‘Greek’ memorandum – a plan that could mobilise the state as well as the people.

The price, like the magazine, is elite. It represents the group’s EBITDA [earnings] for the year ending March 2015, where European media outlets trade on just over ten times, according to Thomson Reuters Eikon data. The Economist is profitable, but that profit isn’t growing.

The deal also means that the group will have to sell its brutalist HQ near St James’s Park with fine panoramas over Westminster.

He added that he had seen the “finance minister of Germany [Schäuble] go to the Bundestag and effectively confess this deal is not going to work”.

Varoufakis was forced to resign last month and replaced by Euclid Tsakolotos.

Speaking on Wednesday, he said:

The International Monetary Fund... is throwing up its hands collectively despairing at a programme that is simply founded on unsustainable debt... and yet this is a programme that everybody is working towards implementing.

Ask anyone who knows anything about Greece’s finances and they will tell you this deal is not going to work.

Varoufakis also reminisced with an old friend - Lord Lamont, who was Conservative chancellor when Britain was forced out of the Exchange Rate Mechanism in 1992, although Lamont has denied “singing in his bathtub” about the exit.

Germany has serious doubts about the bailout deal - Bild

First the deal, then the questions. The latest chapter of Greece’s eurozone bailout drama does not depart from that script, with a report in Bild suggesting that the German government has little faith in what has been agreed in Athens.

Germany’s biggest-selling newspaper says that Berlin has three main concerns:

Participation of the International Monetary Fund. As Die Zeit reported earlier Germany is anxious to keep the fund involved in the process and would like the EU to step in and offer to protect the IMF’s losses.

Greece’s debt sustainability. Greece’s financial needs were “higher than expected” according to a German government paper seen by Bild and debt sustainability remains an outstanding issue.

Privatisation fund: how quickly can it get up and running? Not soon enough, according to the German government paper seen by Bild.

The German government is also worried that the agreement does not include a clear timetable on Greece’s reform and austerity programme.

The response from the German finance ministry to the Bild story: No Comment.

Elsewhere details of the Greek bailout agreement emerged, including a €25bn buffer for the country’s banks and details of privatisations. A review of how well Greece is doing - assuming the deal goes ahead - could come as soon as October.

Greek prime minister Alexis Tsipras said he was optimistic about an agreement - it will be voted on in the Greek parliament on Thursday and examined by the Eurogroup of finance ministers on Friday. But he warned of people putting obstacles in the way, although he refrained from naming them.

EU sources have said negotiations on the €85bn bailout for Greece underwent a “sea change” when former finance minister Yanis Varoufakis was out of the picture, Reuters reports.

The agency said the mood changed when Varoufakis was replaced as finance minister by Euclid Tsakolotos. An EU source told Reuters:

There was a sea change in the negotiations with the Greek authorities in recent weeks. The new Greek finance minister has an absolutely different attitude in the talks than the previous one. Talks were very constructive.